Topic

#corporate-restructuring

2 stories tagged

Tong Herr faces privatisation bid at RM2.55 per share from major shareholders

Two substantial shareholders of fastener maker Tong Herr have proposed taking the company private at RM2.55 per share, representing a significant premium to recent trading levels. The move requires shareholder approval and High Court confirmation.

By Aisyah Razak · 6 Aug 2026 · 4 min read

Samsung Cuts Hundreds of US Jobs as Consumer Electronics Unit Shifts to Texas

Samsung Electronics is eliminating roughly 850 positions across its US consumer electronics operations in New Jersey and Texas ahead of relocating its American headquarters. The cuts underscore the company's strategic pivot toward chips while its mobile and appliance divisions struggle with competition and rising costs.

By Aisyah Razak · 19 Jul 2026 · 5 min read

Tong Herr faces privatisation bid at RM2.55 per share from major shareholders

Samsung Cuts Hundreds of US Jobs as Consumer Electronics Unit Shifts to Texas

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